Strengthening Nigeria’s Trade Support Institutions (SNTSI)EU

Strengthening Nigeria’s Trade Support Institutions (SNTSI)

Funding: European Union and German Federal Ministry for Economic Cooperation and Development (BMZ)
Programme Area: Federal level and selected states and border areas in Nigeria
Programme Duration: 2013 – 2017

Despite recent progress on various fronts, the Nigerian economy continues to face competitive challenges. Within the regional context Nigeria exerts major political and economic influence in the Economic Community of West African States (ECOWAS) region. A number of initiatives at the ECOWAS level are being pursued for trade facilitation and economic integration. It appears however, that Nigeria’s ability to lead the regional integration process and to make use of the benefits of the Multilateral Trading System has been hindered by lack of institutional capacity which in turn has resulted in a slower pace in regional decision making and patchy participation to the implementation of key regional initiatives.

Nigeria’s development strategy has identified trade and investment as a vehicle to enhance non-oil-related domestic production, create jobs and reduce poverty. To that end, it is pivotal to strengthen the competitiveness of Nigerian businesses, in particular the micro, small and medium-size enterprises (MSMEs), by promoting trade development and the diversification of Nigeria’s mainly oil-based export economy. Key facilitators of these objectives are Nigeria’s Trade Support Institutions both within the public and private sector which, however, are lacking the capacity to effectively manage, oversee and coordinate trade policy formulation and implementation.

Strengthening Nigeria’s Trade Support Institutions: The Action at a GlanceDownload our Strengthening Nigeria’s Trade Support Institutions: The Action at a Glance Brochure (PDF, 5.8 MB)